Reason: After purchasing the outstanding capital stock in an acquisition, the company recorded certain nonamortizing intangible assets in its allocation of the purchase price but failed to record the related
deferred tax liabilities.
Key words: financial information, international financial reporting standards,
deferred tax, accounting result, tax result
One of the more common technical errors is mistaking when to book a
deferred tax asset as a carry-forward.
It is important to understand how to account for taxation, because it has an impact on the income statement (in the tax expense account) and the balance sheet (in the income tax and
deferred tax accounts).
As the stock market slides, more stock options and related deferred compensation instruments are "underwater," and the related
deferred tax assets may no longer be recoverable.
A non-current
deferred tax may consist of two components.
said Wednesday its group net profit for the April-September first half of fiscal 2006 more than doubled over a year earlier due mainly to the favorable effects of
deferred tax asset-related accounting rules.
The difference between what is reported on the financial statement and the tax returns will either reduce the
deferred tax asset or refund, or increase the
deferred tax liability.
Quickly calculate
deferred taxes by legal entity -- The majority of temporary differences impacting the calculation of current and non-current
deferred tax assets and liabilities are automatically sourced from within the solution.
In a regulatory filing, Uber said that during the three months ended March 31, 2019, the amount of gross unrecognized tax benefits increased by $1.3B, of which substantially all, if recognized, would not affect the annual effective tax rate as these unrecognized tax benefits would increase
deferred tax assets that would be subject to a full valuation allowance.